eClerx Services Limited IPO has been graded by the credit rating agency, CRISIL. eClerx Services IPO has managed to get a CRISIL IPO Grading of 3 out of a scale of 5. This rating of 3 indicates that the fundamentals of eClerx Services Limited are inline (avearge) with that of other listed companies in India. CRISIL used to give a grading of 1 and 2 to almost all companies coming out with IPO’s, till a few months ago. But now CRISIL seems to have become more generous in giving IPO gradings.